Wearable EEG Devices Market Size ( 8.7% CAGR ) from 2021 to 2027

The wearable EEG devices market was valued at US$ 745.05 million in 2018 and it is projected to reach US$ 1,556.35 million in 2027; it is expected to grow at a CAGR of 8.7% from 2019 to 2027.

Electroencephalography (EEG) is the examination of electrical brain action along with the scalp. Electroencephalography (EEG) based headsets are wearable machines that can diagnose various levels of stress, interest, focus, excitement, engagement, and relaxation. Moreover, recently, wearable EEG devices have sub-niches such as meditation, in which the user is better guided via self-care exercises. EEG is among the most reliable and predicative pointers when reviewing human cognition, assessing a subject's health condition, or observing their mental state. EEG is widely used to detect epilepsy.

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Company Profiles

Advanced Brain Monitoring, Inc.
ANT Neuro
Natus Medical Incorporated
Brain Products GmbH
Compumedics Neuroscan
Electrical Geodesics, Inc. (Koninklijke Philips N.V.)
EMOTIV
g.tec medical engineering GmbH
Neuroelectrics
Cadwell Industries

In terms of channel, the global wearable EEG devices market is segmented into 5-channel type, 14-channel type, 32-channel type, and others. In 2018, the 32-channel type segment held largest share of the market. Moreover, the same segment is estimated to register the highest CAGR during the forecast period.

The neurovascular diseases include hemorrhage stroke, ischemic stroke, brain tumors, and more. The genetic disorders, lifestyle habits, related chronic conditions may cause the development of neurovascular diseases. During the last few years, the predominance of neurological disorders has increased significantly. For instance, epilepsy is one of the neurovascular diseases that is rising significantly across the globe.

The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.

Neurological diseases are the diseases of the spine, brain, and the nerves that connect them and provides oxygenated blood. The neurovascular systems are highly dependent on the continuous supply of oxygen and nutrients, which has been supplied by the arteries and veins. The amount of oxygen and nutrients to the brain is essential for its working; therefore, a defect in the system can impair the function, and it may quickly become a life-threatening factor.

Global Wearable EEG Devices Market – by Channel

32-channel Type
14-channel Type
5-channel Type
Others

Global Wearable EEG Devices Market – by

Application
Medical
Neuromonitoring
Gaming

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This release was published on openPR.